FAIRFAX, Va., July 21, 2021 /PRNewswire/ — Independent Banker, the award-winning journal of the Independent Community Bankers of America (ICBA) and the number-one supply for neighborhood banking information, acknowledged The Freedom Financial institution of Virginia (“Freedom Financial institution”) as an ICBA prime industrial lender in its July problem. Freedom Financial institution was particularly acknowledged on the #6 Industrial Financial institution in the US ($500 million to $1 billion in complete property) based mostly on the energy of its aggressive banking companies and operational efficiencies all through 2020.
“ICBA commends Freedom Financial institution and its workers on this excellent achievement throughout this vital time for our business,” ICBA Government Vice President and Chief Advertising Officer Rob Birgfeld stated. “The success of this yr’s standout performers is testomony to their ingenuity, resourcefulness, and steadfast devotion to their clients. ICBA is happy to acknowledge Freedom Financial institution for its mastery of the neighborhood financial institution enterprise mannequin and spectacular lending outcomes that assist create and maintain communities of prosperity.”
“Freedom Financial institution is honored to be included on this prestigious record of business top-performing industrial banks in the US,” stated Joseph J. Thomas, President & CEO. “Our gifted crew of colleagues used each innovation and self-discipline to serve our clients’ wants for debt capital, treasury companies, and recommendation when it was most dear throughout the COVID-19 pandemic. Our mannequin of specializing in entrepreneurs, enterprise homeowners, and personal actual property buyers with gifted bankers and main expertise was in full bloom in 2020. We’re happy with the outcomes for current and new shoppers and hope we additionally served to strengthen the native economic system throughout the Washington, DC area.”
The “ICBA’s High Lenders 2021” demonstrates the energy of private connections to create a pathway for achievement as industrial lenders. It showcases the significance of sound and environment friendly banking practices and their native information and experience in adapting to shifting market dynamics and evolving buyer wants. The annual record is based mostly on the energy of aggressive banking companies and operational efficiencies utilizing FDIC knowledge for 2020. Scores had been decided by combining the typical of the financial institution’s percentile rank for lending focus and mortgage progress over the previous yr in every lending class and asset measurement and adjusted for mortgage charge-oﬀs at sure percentile thresholds.
About Freedom Financial institution
Freedom Financial institution is a community-oriented financial institution with places in Fairfax, Reston, Chantilly, Vienna, and Manassas, Virginia. Freedom Financial institution additionally has a mortgage division headquartered in Chantilly. For details about Freedom Financial institution’s deposit and mortgage companies, go to the Financial institution’s web site at www.freedom.bank.
Joseph J. Thomas, President & CEO
Electronic mail: firstname.lastname@example.org
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SOURCE Freedom Financial institution of Virginia
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